kotak-mahindra-business-loan

• Age: 25 years - 65 years

• Credit Score: N.A.

• Employment Type: Self Employed

• Minimum Turnover: Rs.40 lakhs

• Business Stability: Minimum 1 year of generating profits and 3 years of
  being in business

• Other requirements: The applicant must be a Private Ltd. Company/
  Partnership Firm/ Sole Proprietor/ LLP/ Trust of a business in Trading/
  Manufacturing/ Services 

• Identity Proof: PAN, Aadhaar, Passport, Driving Licence, or Voter ID Card.
• Residence Proof: Leave and Licence Agreement, Passport, or Utility Bill.
• Ownership Proof: Utility Bill, Agreement Copy, Municipal tax bill, Maintenance bill with the Share Certificate, or the Share Certificate.
• Continuity Proof: Service Registrations, Tax Registrations, Shop and Establishment certificate
• GST Registration Certificate/ Partnership Deed/ MOA
• The Latest Tax Audit Report
• Latest 6 months’ bank statement.

The process of loan verification takes place in the following steps.

• Fill the application form for Kotak Mahindra Bank business loan and upload it with the required documents.

• The bank verifies the documents to check the eligibility of the application.

• On approval, the loan amount is immediately disbursed into the bank account of the applicant.

Kotak Mahindra Bank offers Business Loans at competitive interest rates from 16% depending on different factors as listed below.

• CIBIL Score
• Loan amount
• Years of business experience
• Monthly revenue